These are the upcoming stock splits for the week of August 12-16, based on TipRanks’ stock split calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of shares outstanding. Accordingly, the share price of the company’s stock decreases, thus preserving the market capitalization before and after the split. In contrast, there are also reverse stock splits, in which the number of shares outstanding is reduced (consolidation). In this case too, the market capitalization is maintained while the share price increases after the reverse stock split.

Companies often conduct stock splits to improve the liquidity of common stock and make it more affordable for retail investors. Let’s take a quick look at this week’s upcoming stock splits.

60 Degrees Pharmaceuticals, Inc. (SXTP) – 60 Degrees Pharmaceuticals is engaged in the research and development of small molecule therapies to treat infectious diseases. Its lead product candidate, ARAKODA (tafenoquine), is a malaria preventative marketed in the US. Its pipeline also includes treatments for COVID-19, as well as fungal, tick and viral diseases. On August 6, SXTP announced a 1:12 reverse stock split to meet Nasdaq’s minimum bid price requirement. Shares will begin trading on August 12 on a split-adjusted basis.

Immunovia AB (IMMVF) – Immunovia is a diagnostics company developing simple blood tests to detect proteins and antibodies that indicate that a person is at high risk for pancreatic cancer. On June 19, IMMVF’s board of directors approved a rights offering of its shares. Pursuant to the rights offering, each shareholder of record will receive three rights for each share held. The record date for the rights offering is August 14.

Immunovia intends to issue a maximum of 67,931,247 units, corresponding to 135,862,494 shares, in the offering. The net proceeds will be used to repay the bridge loan and for research and development and clinical trials.

Trevena (TRVN) – Trevena is a clinical-stage biopharmaceutical company focused on developing treatments for patients with central nervous system (CNS) diseases. On August 8, Trevena announced a 25-for-1 reverse stock split, effective August 13. The stock split will help Trevena regain compliance with the minimum bid price requirement for listing on the Nasdaq Capital Market.

Shuttle Pharmaceuticals Holdings Inc. (SHPH) – Shuttle Pharmaceuticals is a clinical-stage pharmaceutical company developing treatments for cancer. Its areas of focus include surgery, radiation therapy, chemotherapy and immunotherapy. On August 7, SHPH announced an 8-for-1 reverse stock split of its common stock, effective August 13.

Monopar Therapeutics, Inc. (MNPR) – Monopar Therapeutics is a clinical-stage radiopharmaceutical company developing cancer treatments. On August 5, MNPR shareholders approved a 5-for-1 reverse stock split to restore compliance with Nasdaq listing rules. The split will be effective after the market closes on August 12. Shares will begin trading on a split-adjusted basis on August 13.

WaveDancer, Inc. (WAVD) – WaveDancer provides enterprise IT solutions including system modernization, cloud-based solutions and cybersecurity protection. On August 9, WaveDancer announced a 3-for-1 reverse stock split that will take effect on August 13. WaveDancer is poised to merge with privately held, commercial medical technology company Firefly Neuroscience in an all-stock transaction. Following the split, shares will trade under the ticker symbol “AIFF” and the company’s name will be changed to Firefly Neuroscience, Inc.

Genius Group GmbH (GNS) – Genius Group operates a digital artificial intelligence (AI)-based education platform that offers K-12 education programs, accredited university courses, and skills-based courses for entrepreneurs. The company serves millions of students, including individuals, corporations, and governments. On August 5, Genius Group announced a 1:10 reverse stock split to meet the minimum bid price for listing on the NYSE. The shares will begin trading on August 16 on a split-adjusted basis.

For more information on historical and upcoming stock splits, visit TipRanks’ Stock Split Calendar.

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